[187+ Pages Report] As per the latest research and survey report issued by Facts and Factors, the global E-Commerce Packaging Market was valued at around USD 62 Billion in 2020 and is expected to register revenues worth USD 27 Billion by the end of 2026, growing at an exceptional CAGR of approximately 15% between 2021 and 2026.
E-Commerce packaging is the process of wrapping goods and products for safe delivery towards a designated location. With a rise in e-commerce shopping, services related to the latter have emerged as major markets. Shipping boxes have gained high traction alongside e-commerce. The pivotal function of e-commerce packaging is to avoid products being damaged from any physical or natural situation from the time of being packaged to the time of being delivered. Furthermore, great packaging is the earmarks of growing a strong footprint in any sector.
With the introduction of the e-commerce market coupled with the growing number of populations with fast and reliable internet has given rise to uncapped market potential in e-commerce packaging. Furthermore, with rising concerns about the biodegradation of plastic compounds, more companies are now shifting their attention toward creating 100% organic and reusable packaging solutions.
The ultimate thrill of ordering products online and getting them delivered within a short span of time at an optimal price further drives the e-commerce packaging market. Moreover, a widened demand for packaged food & beverages has created new opportunities in the sector. Additional factors such as increased demand for electronic goods over e-commerce, sustainable packaging solutions, changing customer preferences, ease of shopping online, and an overall rise in internet and mobile devices further increase the foothold of the e-commerce packaging market. However, rising government policies regarding corrugated packaging services and raised concerns over plastic-based compound packaging solutions hinder the market growth to a certain extent.
The global E-Commerce Packaging Market is segmented into material types, applications, and regions.
On the basis of material type, the segment can be broken down into protective packaging, corrugated boxes, paper, tapes, mailers, and others. Protective packaging is expected to account for the largest market share in the segment. Protective packaging prevents the goods from a litany of vibrations and shocks along with atmospheric effects such as dampening and dust. On the basis of application, the segment can be bifurcated into electronic and consumer goods, apparel and fashion, food and beverages, personal care products, household, furniture, and others. Electronic and consumer goods will dominate the category due to a surge of discounted goods, excessive alternatives, a highly competitive market, and the ease of functionality.
The Asia-Pacific region is expected to dominate the market in terms of market share and revenue. The ever-growing consumer base in countries such as China and India will play a major factor in the growth of e-commerce shopping in the region. This subsequently gives rise to the tandem sector of e-commerce packaging proportionately. Other factors fuelling the growth of the market in the region can be attributed to the expansion of business services, growing awareness among consumers regarding e-commerce benefits, and an extensive labor force at their disposal. Furthermore, with India’s digital population increasing at a tremendous rate due to the availability of cheaper internet, the region is expected to experience a surge in revenue in the market.
Europe and North America will a stagnant growth in contrast with Germany and the United States leading the charge in their respective region.
Some main participants in the global e-commerce packaging market are International Paper Company, DS Smith PLC, Mondi Packaging, Sealed Air, Spartan Paperboard, The Box Co-Op, Nippon Paper Industries Co. Ltd, Smurfit Kappa Group, and Packaging Corporation of America, among others.
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